While money can’t buy happiness, money does give you more freedom to do what you want to do in life. Whether that’s traveling the world, spending more time with your grandchildren, taking up a hobby, using your talents to support something you’re passionate about, or simply taking it easy, you need a nest egg to […]
The NextPhase Plan helps meet your needs during retirement using pools of assets working for you over time.
Income for Life
You can no longer count on a withdrawal rate, of 4% to 6% of accumulated assets to provide a reliable income stream. This causes the entire plan to be contingent on market returns, something which has […]
Knowing if you have enough money for retirement, and then planning to make that pool of money last, is the focus of the NextPhase Retirement Income Planning Process.
This proprietary time-segmented, inflation-adjusted strategy can help answer the key question: “Do I have enough retirement assets to last my lifetime?”
Check out NextPhase to learn more […]
When it comes to taking the next step in your life – the life of retirement, there are many things to consider, but don’t make these three planning mistakes.
Underestimating the cost of healthcare
Misjudging how long you and your spouse will live
As medical technology […]
The financial realities of our world are changing. More and more people need to rely on their own investments for income during retirement. Although many retirees have income streams from Social Security and/or pension plans, others rely on their 401(k), personal investments and savings plans.
These savings from which you expect to create a stream of […]
Normally, your parents’ generation does not like to talk about their finances. There are, however, a few things that can and should be discussed with your parents and/or other elderly loved ones.
It isn’t vital at this stage to necessarily know the value of assets, as much as it is important to be able to track […]
Will the money I have saved be enough?
(Source: Putnam Investments Wealth 360 – Building a Successful Retirement.)
The length of retirement has changed as well. The chart below shows that when you’re 65, your chances of living into your 90s are better than when you were younger.
How long will you need income?
The average life expectancy in […]
“Retirement accounts are like egg shells, once you crack them the game is over.” So consult with a retirement or tax specialist who can help insure mistakes are not made. We suggest reading up on this topic especially if you are a beneficiary of elderly parents.
It is important to be knowledgeable in this area. […]
Estate planning has become an important tool in deciding how your life’s work will be viewed. Without it, the courts will decide who gets what. With the proper planning, you decide the individuals or charities that will receive your assets.
By enlisting the help of professionals in law, accounting, investments and insurance, you help ensure […]
With the proper techniques and planning, you can help ensure that you’re remembered for the impact you had on your community and your world. Wills and a financial power of attorney, along with a living-will and a medical power of attorney, make up the four basic documents and preparations of estate planning. They are, however, […]